英语论文网

ho provide funds, on Mudharabah or Musharakah basis, to certain strategic or infant industries so that a minimum return is guaranteed to investors in addition to guaranteeing their principals. The only requirement is that the guarantor must be financially and legally independent from the managing partner because Mudharabah and Musharakah are Amanah hand contract that can only be charged in case of neglect, abuse or violation of the contract conditions but can’t be charged for commercial losses. Consequently, we can always create an interested outsider-to-the-contract guarantor who can provide a third party guarantee such as an SPV that is not owned by the managing partner.

 

The practice of a third party guarantee is applied to Islamic bank investment deposits when the government provides such a guarantee with no charge to the depository banks or at least for the contributions of the government or central banks to a public deposit guarantee corporation as it is done in Sudan. However, the same principle is also invoked by deposit guarantee funds nourished by deductions from Arbab al Mall’s profits before their distribution. Such funds can also be created for Sukuk and the guarantee can be extended to cover the principa; and a return on it.

 

Reverse Murabahah and Murabahah line of credit

 

The way of applying reversed Murabahah is simple. Islamic finance providers needs for funding rely on their own resources and on deposits that are either on loan basis or Mudharabah basis. More funds can be obtained on the basis of reversed Murabahah in which the Islamic bank is the purchase orderer. Obviously applying reverse Murabahah to the purchases of the bank for its own use will limit financing through this methodology to a small amount. But if we apply it to the purchases of the Islamic bank that are part of its own Murabahah financing it may extend to be a source of funding for a major part of its operation.

 

This extension can be done by adding a line of credit and a wakalah contract whereby for every Murabahah financing the Islamic bank can transact a reverse Murabahah for purchasing goods and services it provides to its customers. Hence, reverse Murabahah arrangement can be used with the central

 

bank, as a final resort funds provider. It can also be used with large corporation deposits and as an alternative for inter-bank transactions-cum-financing.

 

The only condition that is needed for this transaction is that it must be true. In other words, there must be real goods/services that will be purchased by the Islamic bank for the purpose of selling them to its customers. Otherwise, it will be a form of Tawarruq or Buy-back (‘Inah). This condition can be satisfied by always linking the reversed-Murabahah to the Islamic bank’s provision of Murabahah contracts to it customers.

 <本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。